Property and Equipment, Net

3 Months Ended

Mar. 31, 2020

Disclosure Text Block

Property and Equipment, Net

8. Property and Equipment, Net

Property and equipment and related accumulated depreciation are as follows (in thousands):

	Estimated
	Useful Life	March 31,			December 31,
	(Years)	2020		2019
Lab equipment	5	$	10,475	$	8,975
Furniture and fixtures	4		3,580		3,512
Computer equipment	3		1,558		1,558
Leasehold improvements	Term of lease		35,975		36,627
Software	3		408		417
Construction-in-progress			1,081		956
			53,077		52,045
Less: accumulated depreciation and amortization			(15,255)		(13,684)
Total		$	37,822	$	38,361

Property, plant and equipment are recorded at historical cost, net of accumulated depreciation. For the three months ended March 31, 2020, depreciation expense totaled $1.6 million, compared to $1.2 million for the three months ended March 31, 2019.